Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Iraq an economic Study
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:ReVbo™:MV8xNzI0NTM4XzM1Nzk2NjcxXzY5NzJBMjdC] [quote:calin:MV8xNzI0NTM4XzM1Nzk2NTc2X0Y1NTA4OTgx] [quote:ReVbo™:MV8xNzI0NTM4XzM1Nzk2MDI1XzE3RTVFRTk1] [quote:calin:MV8xNzI0NTM4XzM1Nzk1NjgwXzhCNTgyMUND] Wow ReVbo! Give me your take on that? Love to hear it!! Don't see that on DV [/quote] Yeah, I can't believe this hasn't gotten more play. My take is pretty straightforward. I think Turki's comments speak for themselves. He says Iraq's wealth will be reflected in their currency, and that said wealth will strongly affect their economy. That doesn't happen with a few billion l-word-ed dinars. The l-word, as has been mentioned ad nauseum for years, is a neutral event that has zero effect pro or con on the local economy. He says they are currently in the process of taking measures to "assign or instill" the "correct value of the currency," which, to me, means the current value is artificial and, when they have finished their preparations, we will see the real rate. He refers to other major sources of wealth. I assume he's talking about the gold, phosphorus, and other resources, which will all contribute to backing the currency, and he says, specifically, that they will "soon" apply this wealth to back the currency. There's your asset-backed currency that has long been debated. It's still a question of when and how much, but this is as close to confirmation of an increase in value at some future date as we're going to get until it actually happens. In fact, I'd say this is actual confirmation, not just close to it. Still not completely sure about the 5%. Kap seems to think banks will get 85% of it, and the 5% means they have already collected most of the in-country physical dinar from the population. Banks still hold a lot of digital dinars, though, so they would, naturally, receive the vast majority of the new dinars. [color=red]kaperoni on the 5%: IMO they are talking about the distribution of the new lower denominations of currency in Iraq. He seems to say that the local currency traders will get this currency (about 5%) of what was printed. 10% will be held back for replacements, etc. and 85% will go to banks.[/color] [/quote] Yes, thinking the same then. Ya know, Shabibi spoke along the same lines too. This You tube presentation is current and reinforces the plan all along ... just my take. Nice to know! No "l" word either! Your the best Rev! Now.... where is our OP? ;) [/quote] I was just thinking I remembered Shabibi talking along those lines just before they ran him out of the country. Maliki is far too weak, at this point, to pull the same crap with Turki, though, evidenced by the former CBI deputy Saleh recently being released from jail. I don't remember Shabibi being this explicit, but you're absolutely right. I'm sure seeker'll be along soon enough. He's in Thailand now, so he may be asleep at the moment. Not sure what time it is over there. [/quote]
Iraq is rapidly becoming a force in world economics due to its oil reserves. What do you think the effects will be on the world economic stage. sk
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Bridge Appears to Vanish In Mid-Air
Hidden galaxies emerge from Milky Way's dust
Science predicts more frequent extreme events will shock the global food system
Humans 'will marry robots'
IRS chief: Blame rotten customer service on Obamacare
Meteor sighted from San Diego early Thursday
Did Scientists Just Discover How to Dramatically Extend Human Lifespan?
Liberty Activists And ISIS Will Soon Be Treated As Identical Threats
Obama Wants ‘Billions For Gun Control’ In 2017 Budget
DHS wants to force car owners to use OEM parts and ban auto modifications
A Year Ago NBC Praised Communism as One of History's 'Pivotal Experiments'
Did the US Supreme Court Compound the Breaking of the Law?
SSRIs and Antidepressants Increase Mental Health Issues Confirmed
Censorship Around the World Still at High Levels
How to Build a Solar Food Dehydrator for $300, Preserve 10 Pounds of Food at a Time
Your nearest pond may be covered with a scum of single-celled eyes
The middle class wants more government help
The Super Bowl Secretly Used Facial Recognition Software on Fans
NASA bans the word ‘Jesus’
PERFECT STORM: Why this market crash is like nothing we’ve seen before
All the Volcanic Eruptions You Missed During the Super Bowl
Enormous beam found streaming from black hole in distant galaxy
Is North Korean Satellite Orbiting Over USA Equipped With EMP Weapons System?
Global central banks are running ‘Out of Ammo’
Major U.S. city now banishes ‘Founding Fathers’
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.004s (3 queries)